This has been what’s helping keep Atlantic City alive.” “No one is going to invest money in a company that has (an internet gambling identity) if you only have two more years,” Guardian said.

Guardian said the two-year time frame could devastate an industry that has been a rare success story in Atlantic City, whose online gambling operations take in more money than any of the other five states that offer it. Although not the 10-year window the bill’s sponsor originally intended, this adjustment still allows for the sports betting industry to grow and thrive in New Jersey with a five-year security in its operating ability.” The Chamber of Commerce of Southern New Jersey praised the latest change, saying the business group “is incredibly pleased that the General Assembly shifted away from a drastic and unexpected two-year internet gaming reauthorization through 2028. “We’re all trying to figure out what happened,” said Don Guardian, a Republican Assemblyman and former mayor of Atlantic City. No explanation was given for either of the changes, and top Democratic leaders did not respond to requests for comment Tuesday and Wednesday. An original bill reauthorizing online betting would have given it another 10 years, but lawmakers sliced that to just two years on Tuesday.Īfter an outcry from casinos, their political allies and business groups in southern New Jersey, lawmakers amended the bill yet again to extend internet gambling for five years.īut the rationale for the original change - and its modification on Wednesday - remained a mystery to many in the seaside gambling resort.

On Wednesday evening, legislators abandoned a move they made a day earlier to drastically cut the extension of internet casino gambling in the state. (AP) - Internet gambling in New Jersey would be allowed to take place for at least five more years under the latest proposal by state lawmakers.

Next update cooking fever 2018